Russia to import Kazakh uranium

Russia to import Kazakh uranium

Russia signed a $1 billion deal Thursday with Kazakhstan to import uranium through a joint-venture mining project.

Russia’s Tekhsnabexport and the Russian-Kazakh-Kyrgyz uranium mining venture Zarechnoye agreed to work together through 2022 on uranium mining, Interfax reported.

This is Russia’s first contract for the import of uranium and is expected to result in as much as 6,000 tons per year of Kazakh uranium being exported to Russia.

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